Elon Musk bought Twitter for 40 something billion dollars and happens to be arguably the richest man on earth, right? What does a billion a quarter mean to him? He has to pay a billion a year in interest on the debt he took on to buy Twitter. So that interest payment is paying over his head. All of his money, he has a lot of money. All that money is tied up in Tesla stock. If he wants to fund Twitter indefinitely, which I don't think he wants to do, he has to continually diminish his position in Tesla,. Which is a huge risk for Tesla, the company.
Twitter is about to suck for you. But it’s going to suck for self-proclaimed “Chief Twit” Elon Musk too. Recode’s Shirin Ghaffary and The Verge’s Nilay Patel explain.
This episode was produced by Amanda Lewellyn and Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
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